Suddenly I thought of a phenomenon: why does the 20% rebate model exist? To put it simply, you can get rebates by opening an account yourself, so why go through a certain channel to do it?

The core reason is simple—channels can profit from it. When you open an account and trade there, the channel promoter can earn a 30% commission. And what about you? You're actually just contributing trading volume and fees to them. What's even more heartbreaking is that some rebate channels, after accumulating a certain scale, may choose to stop offering rebates or even run away directly. Such incidents are not uncommon.

This logic is not only applicable to streamer rebate models; assistive rebate schemes follow the same pattern. On the surface, it looks very attractive, but the behind-the-scenes profit chain is actually: the channel earns the biggest share, users get small profits from high volume, but they have to bear the risks themselves.

Instead of fixating on that small rebate, it's better to pay more attention to the exchange's security, fee transparency, and fund protection mechanisms. These are the core guarantees for long-term trading.